Envestnet Asset Management Inc. Boosts Position in Omega Healthcare Investors, Inc. (NYSE:OHI)

Envestnet Asset Management Inc. increased its position in Omega Healthcare Investors, Inc. (NYSE:OHI - Free Report) by 58.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,755 shares of the real estate investment trust's stock after purchasing an additional 170,179 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of Omega Healthcare Investors worth $17,546,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in Omega Healthcare Investors in the 1st quarter worth approximately $29,000. Loomis Sayles & Co. L P lifted its position in shares of Omega Healthcare Investors by 27.6% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,475 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 319 shares during the last quarter. Dunhill Financial LLC increased its stake in shares of Omega Healthcare Investors by 97.9% during the fourth quarter. Dunhill Financial LLC now owns 1,516 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 750 shares during the period. CoreCap Advisors LLC increased its stake in shares of Omega Healthcare Investors by 177.3% during the fourth quarter. CoreCap Advisors LLC now owns 1,578 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 1,009 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in Omega Healthcare Investors in the fourth quarter valued at about $61,000. Institutional investors own 65.25% of the company's stock.

Omega Healthcare Investors Stock Performance

OHI stock traded up $0.11 during trading on Monday, reaching $38.05. 1,713,669 shares of the stock were exchanged, compared to its average volume of 2,124,253. Omega Healthcare Investors, Inc. has a twelve month low of $35.04 and a twelve month high of $44.42. The stock has a 50 day simple moving average of $36.89 and a 200-day simple moving average of $37.16. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $11.01 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 2.61 and a beta of 0.68.

Omega Healthcare Investors (NYSE:OHI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.75 EPS for the quarter, meeting analysts' consensus estimates of $0.75. The business had revenue of $228.38 million for the quarter, compared to analyst estimates of $236.61 million. Omega Healthcare Investors had a net margin of 41.29% and a return on equity of 9.98%. Omega Healthcare Investors's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS. As a group, sell-side analysts anticipate that Omega Healthcare Investors, Inc. will post 2.86 earnings per share for the current year.

Omega Healthcare Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 7.04%. Omega Healthcare Investors's dividend payout ratio (DPR) is 166.46%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised Omega Healthcare Investors from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $38.00 to $41.00 in a report on Monday, July 14th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Omega Healthcare Investors currently has a consensus rating of "Hold" and an average target price of $42.25.

Omega Healthcare Investors Profile

Omega Healthcare Investors, Inc engages in the provision of financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities, assisted living facilities, independent living facilities, rehabilitation and acute care facilities, and medical office buildings.